ICICI Bank Q3 net vaults over 30 per cent to Rs1,437 crore
24 Jan 2011
The country's largest private sector bank, ICICI Bank Ltd, has posted a 30.5-per cent year-on-year increase in its net (after-tax) profit at Rs1,437 crore ($321 million) during the quarter ended 31 December 2010 (Q3-2011) against Rs1,101 crore ($246 million) in the quarter ended 31 December 2009 (Q3-2010).
The bank's total income increased to Rs8,444.75 crore during the quarter ended 31 December 2010 from Rs7,762.71 crore during the quarter ended 31 December 2009, unaudited results released by the company showed.
Consolidated net profit of the bank during the quarter zoomed 77.5 per cent to Rs2,039 crore ($456 million) from Rs1,149 crore ($257 million) in the third quarter (October-December) of fiscal 2010-11.
Total consolidated income during the quarter increased to Rs15,415.85 crore during the quarter ended 31 December 2010 from Rs14,176.84 crore during the quarter ended 31 December 2009.
For the nine-month period ended 31 December 2010 (April-December) ICICI Bank reported a 36.0 per cent year-on-year increase in consolidated after-tax profit, at Rs4,525 crore ($1.0 billion), from Rs3,328 crore ($744 million) in the previous year period.
ICICI Bank said its current and savings account (CASA) ratio increased to 44.2 per cent as of 31 December 2010 from 39.6 per cent as of 31 December 2009.
